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Approach to Refine Contract Language to Mitigate Float-related Disputes & Delays

Meghanjali Mitra

Abstract


Complex building construction projects experiencing unwarranted delays are a common problem in today's fast-paced construction industry. This paper discusses the importance of float as a management tool and addresses the flaws in the system as it now operates. It poses a solution to mitigate float-related issues such as delays and disputes amongst stakeholders through refinement of contract language in general and special conditions of contract of Indian tender documents. This streamlines how float is distributed and managed throughout the execution of a project and establishes liability in the event of a delay.


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References


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